thanks for explaining it like you would do to a 3 year old.
I was so close to buying FMG back in 2015 but it seemed a horrible investment with 6 billion dollar debt (or was it 12 billion?) and producing at a negative margin had all the signs of company which was next after the Atlas Iron.
On top of every thing the IO price was going through the floor with no bottom in sight (similar to what is happening now with lithium prices)
But guess what happened as soon as the prices became too unsustainable...despite the fact the demand from China was never increasing and even up untill now the chinese demand for iron and the price of IO has not been the same as what we saw from 2008-2012 yet FMG has gone over 6 baggers since then.
Now we all know the lithium demand is only going to go up in coming years.....the lithium prices and GXY share price has only one way to go.
- Forums
- ASX - By Stock
- GXY
- Banter and General Comments
Banter and General Comments, page-12209
-
- There are more pages in this discussion • 8,823 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online